Clorox posted higher sales as consumers stocked up on cleaning goods and personal-care items amid the pandemic
Clorox Co. reported a 21.9% gain in sales for the latest quarter as consumers stocked up on cleaning goods and personal-care items due to the Covid-19 pandemic, and it said on Monday that it will promote Linda Rendle, the company’s president, to chief executive in September.
The Oakland, Calif., household-supplies producer posted fiscal fourth-quarter sales of $1.98 billion, up from $1.63 billion in the comparable period last year. Analysts polled by FactSet were expecting $1.87 billion.
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